Gold Weekly Outlook (July 27–31, 2026)GOLD (US$/OZ)TVC:GOLDYES_GroupGold continues to trade within a range, pressured by the U.S. Dollar Index (DXY) holding above the 101 level as markets await the outcome of the Federal Reserve's policy meeting. Meanwhile, declining U.S. Treasury yields continue to provide partial support for gold prices. Investors are also closely monitoring crude oil prices and geopolitical tensions, as any escalation in global conflicts could boost demand for safe-haven assets. This week, market focus will be on the FOMC meeting, Q2 GDP (Advance Estimate), Core PCE Price Index, and Nonfarm Payrolls (NFP), all of which are expected to influence the U.S. dollar and the direction of gold prices. Weekly Outlook Sideways to Slightly Bearish. Gold remains below its descending trendline, indicating that downside pressure is still present. A sustained breakout above $4,060–$4,100 could signal a recovery toward higher resistance levels. However, failure to overcome this zone may lead to a pullback toward the $3,980–$3,960 support area. Nevertheless, any escalation in geopolitical conflicts or a sharp rise in oil prices could limit downside pressure by increasing demand for gold as a safe-haven asset. Bullish Scenario: $4,060–$4,100 Bearish Scenario: $3,980–$3,960